A small business accountant can be an invaluable asset for entrepreneurs starting a new venture. Starting a small business can be a thrilling adventure, but it comes with many responsibilities, including managing finances. While some small business owners may be able to handle their own bookkeeping and accounting, it can quickly become overwhelming and time-consuming. That's where a small business accountant comes in. Hiring a professional accountant can be a game-changer for small businesses, allowing owners to focus on their core competencies while leaving financial management to the experts.
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The Benefits of Hiring a Small Business Accountant
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The Benefits of Bookkeeping for Small Businesses
Bookkeeping is a critical aspect of managing a small business. As the backbone of the global economy, small businesses rely on proper bookkeeping to thrive. Despite this, many small business owners tend to overlook its importance, focusing instead on daily challenges. However, bookkeeping is an essential component of any successful small business. It involves the systematic recording and organizing of financial transactions, which is crucial for making informed business decisions.
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How Chartered Accountants Help Businesses Maximize Tax Savings
For businesses, taxes can be a major cost and a complex undertaking to handle. However, chartered accountants are available to offer their expertise. These financial professionals possess extensive knowledge and experience in tax planning and can assist businesses in maximizing their tax savings. By utilizing their specialized knowledge, businesses can reduce their tax liabilities and retain a larger portion of their earnings.
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TFSA assets rise 8% year over year
Original Article Source Credits: Advisor's Edge , https://www.advisor.ca/
Article Written By: Rudy Mezzetta
Original Article Posted on: January 6, 2020
Link to Original Article: https://www.advisor.ca/news/industry-news/tfsa-assets-rise-8-year-over-year/
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Understanding Canadian Self-Employment Tax Forms
Original Article Source Credits: Intuit and QuickBooks , https://quickbooks.intuit.com/
Article Written By: QuickBooks Canada Team
Original Article Posted on: NA
Link to Original Article: https://quickbooks.intuit.com/ca/resources/self-employed/canadian-self-employment-tax-forms/
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Everything you need to know about RESPs and how to minimize your familys tax liability
Original Article Source Credits: Financial Post , https://financialpost.com/
Article Written By: Jamie Golombek
Original Article Posted on: Sep 04, 2020
Link to Original Article: https://financialpost.com/personal-finance/taxes/everything-you-need-to-know-about-resps-and-how-to-minimize-your-familys-tax-liability/wcm/c0e8ae06-3761-47c5-a7bf-71f36b242b28/
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How to Save Money - 6 Simple Steps for a Healthier Financial Situation
Original Article Source Credits: Greedyrates , https://www.greedyrates.ca/
Article Written By: Meagan Loose
Original Article Posted on: August 18, 2020
Link to Original Article: https://www.greedyrates.ca/blog/how-to-save-money/
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Tax brackets: How to prepare and file your Canadian small business taxes
Original Article Source Credits: Intuit and QuickBooks , https://quickbooks.intuit.com/
Article Written By: QuickBooks Canada Team
Original Article Posted on: NA
Link to Original Article: https://quickbooks.intuit.com/ca/resources/taxes/small-business-tax-bracket/
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CRA adds T4 reporting requirements to validate benefit payments
Original Article Source Credits: Advisor's Edge , https://www.advisor.ca/
Article Written By: Rudy Mezzetta
Original Article Posted on: August 27, 2020
Link to Original Article: https://www.advisor.ca/tax/tax-news/cra-adds-t4-reporting-requirements-to-validate-benefit-payments/
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CRA extends tax payment deadline to Sept. 30
Original Article Source Credits: Advisor’s Edge , https://www.advisor.ca/
Article Written By: Rudy Mezzetta
Original Article Posted on: July 27, 2020
Link to Original Article: https://www.advisor.ca/tax/tax-news/cra-extends-tax-payment-deadline-to-sept-30/
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Opinion: Its time to end annual tax filing
Original Article Source Credits: Financial Post , https://financialpost.com/
Article Written By: Financial Post & Neal Winokur
Original Article Posted on: Aug 07, 2020
Link to Original Article: https://financialpost.com/opinion/opinion-its-time-to-end-annual-tax-filing
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Canada Revenue Agency: How Retirees Can Earn More Money and Avoid the OAS Clawback
Original Article Source Credits: Yahoo Finance , https://ca.finance.yahoo.com/
Article Written By: Andrew Walker
Original Article Posted on: August 7, 2020
Link to Original Article: https://ca.finance.yahoo.com/news/canada-revenue-agency-retirees-earn-120056413.html
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A wealth tax won't work to fix the coming debt crisis: we need a consumption tax like the GST
Original Article Source Credits: The Globe and Mail , https://www.theglobeandmail.com/
Article Written By: PETER VAN DIJK AND GLEN HODGSON
Original Article Posted on: AUGUST 9, 2020
Link to Original Article: https://www.theglobeandmail.com/business/commentary/article-a-wealth-tax-wont-work-to-fix-the-coming-debt-crisis-we-need-a/
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Federal government COVID-19 tax updates
Original Article Source Credits: Advisor's Edge , https://www.advisor.ca/
Article Written By: Rudy Mezzetta
Original Article Posted on: July 27, 2020
Link to Original Article: https://www.advisor.ca/tax/tax-news/cra-extends-tax-payment-deadline-to-sept-30/
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The Truth About Vehicles Used For Business Purposes!
Did you know that most business owners do not know how they can benefit from claiming the usage of director vehicles in their business? That’s right! Companies can claim vehicles equal to the number of directors the company has (proportionate to the percentage of use for business)! Unfortunately, as many business people are unaware of this, they lose out on the opportunity to save money.
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Meet The Face Behind Taxxlution Accounting Professionals
I’m Iqbal Chouhan, the proud owner of Taxxlution Accounting Professionals.
I look forward to sharing my story. I hope that you will enjoy getting to know me better.
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Announcing the new website
We are delighted to announce the launch of our new website!
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New website under construction
We are currently revamping our website. Our new website will be interactive and mobile friendly! Watch this space for updates. Just a few more weeks to go!
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